Description:

Gold is an extremely popular soft metal that is traded worldwide on various exchanges – valued in terms of Euro. For centuries, gold has been considered a primary medium for exchange and it remains a leading global currency (1 troy ounce of gold is represented as XAU). One of the unique advantages of gold CFDs is that they can be traded 23 hours a day, almost every day of the year. Another important advantage is the metal’s high market liquidity, which allows traders to buy and sell contracts both quickly and easily. The process of determining the spot price of gold involves an estimation of gold extraction, production and existing bullions across the globe, while taking into consideration effects of economic and political events, general speculations and market behaviour, as well as the value of other currencies and commodities. Gold’s spot prices are calculated and published every few seconds during market hours.

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Risk Warning and Disclaimer Trading financial instruments carries a high level of risk to your capital as prices may move rapidly against you. 71% of retail investor accounts lose money with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.See full risk warning. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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Fortrade Ltd.is authorised and regulated in UK by the Financial Conduct Authority (FCA), Firm Reference Number (FRN): 609970. Click here to see Fortrade on the FCA website.

Fort Securities LLC.is authorised and regulated in Belarus by the National Bank of the Republic of Belarus (NBRB), Firm Reference Number (FRN): 193075810. Click here to see Fort Securities on the NBRB website.